FDJ United
PAR:FDJU
FDJ United
FDJ United engages in gambling operations in France. The company is headquartered in Boulogne-Billancourt, Ile-De-France. The company went IPO on 2019-11-21. The firm operates under the commercial brand name, FDJ, and provides scratch games, sports betting and draw games via a network of 35,800 points of sale, including LOTO points of sale, tobacconists and newsagents. Its scratch games include 1, 2 and 3 euros games; sports betting include the brand names, ParionsSport and ParionsWeb; and draw-based games include LOTO, Euro Millions, Rapido, Keno and others. The firm is also active in the online poker market with the website Barrierepoker.fr, which is jointly-owned with Groupe Lucien Barriere.
FDJ United engages in gambling operations in France. The company is headquartered in Boulogne-Billancourt, Ile-De-France. The company went IPO on 2019-11-21. The firm operates under the commercial brand name, FDJ, and provides scratch games, sports betting and draw games via a network of 35,800 points of sale, including LOTO points of sale, tobacconists and newsagents. Its scratch games include 1, 2 and 3 euros games; sports betting include the brand names, ParionsSport and ParionsWeb; and draw-based games include LOTO, Euro Millions, Rapido, Keno and others. The firm is also active in the online poker market with the website Barrierepoker.fr, which is jointly-owned with Groupe Lucien Barriere.
Revenue Growth: FDJ reported Q1 2023 revenue of EUR 662 million, up 8% year-on-year, with stakes rising nearly 9% to EUR 5.5 billion.
Guidance Confirmed: Management reaffirmed their full-year outlook for 4%-5% revenue growth and stated Q1 performance is in line with these targets.
Online Momentum: Online stakes jumped 21.3% to nearly EUR 700 million, driven by a strong rise in player numbers and digital penetration nearing 13%.
Lottery Strength: Lottery revenue increased 6.4%, benefiting from both draw and instant games, despite a tough comparison base.
Sports Betting: Sports betting revenue was stable at EUR 129 million due to unusually high player winnings (payout ratio at 78.5% vs. 74.7% last year), which management expects to normalize.
ESG Leadership: FDJ maintained a Moody’s ESG score of 72/100, ranking first among global gambling peers.
Regulatory Clarity: France’s highest administrative court confirmed FDJ’s 25-year lottery monopoly, with equalization payment matters pending a European Commission decision.
Cost & Inflation: Cost inflation (~5%) is being managed within guidance, with potential advertising cost savings from reduced promotional activity.
